Guardforce AI Stock Gains After Winning Bid To Operate Consolidated Cash Center In Hadyai, Thailand

November 30, 2021 1:31 PM | 1 min read | Make a Comment

Guardforce AI Co Ltd's GFAI operating subsidiary Guardforce Cash Solutions Security (Thailand) Company Limited (GFCS) has been selected to operate a Consolidated Cash Center (CCC) for Hadyai CCC.
Hadyai CCC, located in the south, is a newly built facility completed in 2021 and is the only CCC that the Bank of Thailand maintains in the deep southern region of Thailand.
"Winning this bid is further evidence that we are increasing our creditability with the Thai government while also increasing our market-leading position in the cash center outsourcing market," said Kee Yun Kwan, COO at Guardforce AI.
Earlier this year, GFCS was also selected to operate the CCC in the Khon Kaen province of Thailand.
Price Action: GFAI shares are trading higher by 12.5% at $1.63 on the last check Tuesday.

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